Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  A Snapshot Of Moving Averages
Posted Under: Broader Stock Market

 
View from the Observation Deck  
  1. In today's post, we are showing the percentage of stocks in some major U.S. stock indices that are trading above their respective 50-day and 200-day moving averages.
  2. Moving averages tend to smooth out day-to-day price fluctuations and can be a useful tool for traders and investors to identify both positive trends and reversals, in our opinion.
  3. As of 12:00 PM CST on 9/20/21, the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices stood 4.42%, 5.79% and 5.85%, respectively, below their all-time highs, according to Bloomberg.
  4. The percentage of stocks in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices trading above their 50-day moving averages at 12:00 PM CST were 27%, 25% and 23%, respectively.
  5. The percentage of stocks in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices trading above their 200-day moving averages were 61%, 43% and 39%, respectively.
  6. The percentage of stocks trading above their 50-day moving average by S&P 500 sector ranged from 11% (Materials) to 46% (Health Care).
  7. The percentage of stocks trading above their 200-day moving average by S&P 500 sector ranged from 36% (Materials) to 93% (Real Estate).
  8. The S&P 500 Index, which was off 4.42% from its all-time high as of 12:00 PM CST on 9/20/21, has not experienced a 5% pullback from its most recent peak in 219 trading sessions, the longest stretch since 2016-2017, when the index went 404 sessions without a 5% decline, according to MarketWatch. 
This chart is for illustrative purposes only and not indicative of any actual investment. The illustration excludes the effects of taxes and brokerage commissions and other expenses incurred when investing. Investors cannot invest directly in an index. The S&P 500 Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance, while the 11 major S&P 500 Sector Indices are capitalization-weighted and comprised of S&P 500 constituents representing a specific sector. The S&P MidCap 400 Index is a capitalization-weighted index that tracks the mid-range sector of the U.S. stock market. The S&P SmallCap 600 Index is a capitalization-weighted index that tracks U.S. stocks with a small market capitalization. 

Download a PDF of this post, please click here
Posted on Tuesday, September 21, 2021 @ 11:26 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
US Stock Markets Ended Sept 17, 2021
US Economy and Credit Markets Ended Sept 17, 2021
A Snapshot of Growth vs. Value Investing
A Snapshot Of Bond Valuations
US Stock Markets Ended Sept 10, 2021
US Economy and Credit Markets Ended Sept 10, 2021
Some Perspective On Corrections And Bear Markets
A Snapshot Of Top-Line Growth Projections
US Stock Markets Ended Sept. 3, 2021
US Economy and Credit Markets Ended Sept. 3, 2021
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2022 All rights reserved.